----

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|  ý                     |  Quarterly report pursuant section 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period ended August 31, 2011                  |
|----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| r                                | Transition report pursuant section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from ________________ to ________________  |
| Commission File Number 000-53520 |

|  Nevada(State of Incorporation) |  98-0507846(I.R.S. Employer Identification No.) |
|--------------------------------------|------------------------------------------------------|

| 11450 - 201A StreetMaple Ridge, British Columbia  V2X 0Y4Tel: (604) 460-8440 |
|----------------------------------------------------------------------------------------|
| (Address and telephone number of Registrant's principal executive offices)             |

| Large accelerated filer r                                            | Accelerated filer r         |
|----------------------------------------------------------------------|----------------------------------|
| Non-accelerated filer r(Do not check if a smaller reporting company) | Smaller reporting company ý |

| Class: common stock - $0.001 par value |   | Outstanding at October 14, 2011: 32,076,500 |
|----------------------------------------|--------|---------------------------------------------|

----

----

----

----

|                                                                                    |   | August 31, 2011 (Unaudited) |   | February 28, 2011 |
|-----------------------------------------------------------------------------------------|--------|----------------------------------|--------|-------------------|
| Assets                                                                                  |   |                             |   |              |
| Current Assets                                                                          |   |                             |   |              |
| Cash                                                                                    | $      | 473                              | $      | 1,909             |
| Amounts receivable                                                                      |   | 2,638                            |   | 2,278             |
| Total Assets                                                                            | $      | 3,111                            | $      | 4,187             |
|                                                                                    |   |                             |   |              |
| Liabilities and Stockholders’ Equity (Deficiency)                                 |   |                             |   |              |
| Current Liabilities                                                                     |   |                             |   |              |
| Accounts payables and accrued liabilities                                               | $      | 38,293                           | $      | 40,330            |
| Shareholder loan - Note 3(b)                                                            |   | 68,521                           |   | 30,804            |
| Total Current Liabilities                                                               |   | 106,814                          |   | 71,134            |
|                                                                                    |   |                             |   |              |
| Stockholders' Equity (Deficiency)                                                       |   |                             |   |              |
| Common stock - 75,000,000 shares authorized,$0.001 par value - 32,076,500 shares issued |   | 32,077                           |   | 32,077            |
| Additional paid in capital                                                              |   | 149,871                          |   | 149,871           |
| Deficit accumulated during the exploration stage                                        |   | (285,651)                        |   | (248,895)         |
| Total Stockholders' Equity (Deficiency)                                                 |   | (103,703)                        |   | (66,947)          |
| Total Liabilities and Stockholders' Equity (Deficiency)                                 | $      | 3,111                            | $      | 4,187             |

----

|                              |   | Three months Ended |   | Three months Ended |   | Six months Ended |   | Six months Ended |   | Cumulative to |
|-----------------------------------|--------|--------------------|--------|--------------------|--------|------------------|--------|------------------|--------|---------------|
|                              |   | August 31,         |   | August 31,         |   | August 31,       |   | August 31,       |   | August 31,    |
|                              |   | 2011               |   | 2010               |   | 2011             |   | 2010             |   | 2011          |
| Expenses                          |   |               |   |               |   |             |   |             |   |          |
| General and administrative        | $      | 28                 | $      | 253                | $      | 74               | $      | 430              | $      | 1,073         |
| Foreign exchange loss (gain)      |   | -                  |   | (440)              |   | 615              |   | (440)            |   | 3,111         |
| Mineral property costs            |   | -                  |   | -                  |   | 29,740           |   | -                |   | 99,429        |
| Professional fees                 |   | 1,482              |   | (216)              |   | 6,327            |   | 2,581            |   | 182,038       |
|                              |   |               |   |               |   |             |   |             |   |          |
| Total expenses                    |   | 1,510              |   | (403)              |   | 36,756           |   | 2,571            |   | 285,651       |
|                              |   |               |   |               |   |             |   |             |   |          |
| Net loss and comprehensive loss   | $      | (1,510)            | $      | 403                | $      | (36,756)         | $      | (2,571)          | $      | (285,651)     |
| Net loss per share                |   |               |   |               |   |             |   |             |   |          |
| Basic and diluted                 | $      | (0.00)             | $      | (0.00)             | $      | (0.00)           | $      | (0.00)           |   |          |
| Weighted average number of shares |   |               |   |               |   |             |   |             |   |          |
| outstanding - basic and diluted   |   | 32,076,500         |   | 32,076,500         |   | 32,076,500       |   | 32,076,500       |   |          |

----

|                                                                                                     |      |                                                                                                          |                                                                                   |                                                                                                    | Deficit                                                                                                                         |                                                                                                                 |
|----------------------------------------------------------------------------------------------------------|-----------|---------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|
|                                                                                                     |      |                                                                                                          |                                                                                   |                                                                                                    | Accumulated                                                                                                                     | Total                                                                                                                |
|                                                                                                     |      |                                                                                                          |                                                                                   | Additional                                                                                              | During the                                                                                                                      | Stockholders'                                                                                                        |
|                                                                                                     |      | Common                                                                                                        |    Stock                                                                     | Paid-in                                                                                                 | Exploration                                                                                                                     | Equity                                                                                                               |
|                                                                                                     |      | Number                                                                                                        | Par Value                                                                              | Capital                                                                                                 | Stage                                                                                                                           | (Deficiency)                                                                                                         |
|                                                                                                     |      |                                                                                                          |                                                                                   |                                                                                                    |                                                                                                                            |                                                                                                                 |
| Balance, May 24, 2006 (date of inception), andFebruary 28, 2007                                     |      |   -                                                                                                 | $              - |  $              -            | $          -                                                                  | $                   - |
| Capital Stock issued for subscriptions                                                                   |      |                                                                                                          |                                                                                   |                                                                                                    |                                                                                                                            |                                                                                                                 |
| receivable at $0.0005 per share and servicesat $0.0005 per share                                         | 19-Jun-07 | 31,040,000                                                                                                    |     31,040                                                         |     (15,520)                                                                        | -                                                                                                                               |             15,520                                       |
| Mineral Property Option - Starfire Minerals at $0.15 per        share | 25-Jun-07 | 75,000                                                                                                        |             75             |        11,175                                                        |                      - |             11,250                                       |
| Private Placement at $0.15 per share                                                                     | 1-Feb-08  | 961,500                                                                                                       |           962                        | 143,264                                                                                                 |                      - |          144,226                                                        |
| Private Placement Fees                                                                                   | 1-Feb-08  |                   - |               -  |       (4,568)                                                             |                      - |             (4,568)                                      |
| Net loss for the year                                                                                    |      |                   - |               -  |        15,520                                                        |          (70,888)                                                                  |           (55,368)                                                 |
| Balance, February 29, 2008                                                                               |      | 32,076,500                                                                                                    | 32,077                                                                                 | 149,871                                                                                                 | (70,888)                                                                                                                        | 111,060                                                                                                              |
| Net loss for the year                                                                                    |      |                   - |               -  |                  - |          (92,777)                                                                  |           (92,777)                                                 |
| Balance, February 28, 2009                                                                               |      | 32,076,500                                                                                                    | 32,077                                                                                 | 149,871                                                                                                 | (163,665)                                                                                                                       | 18,283                                                                                                               |
| Net loss for the year                                                                                    |      |                   - |               -  |                  - |          (54,305)                                                                  |            (54,305)                                           |
| Balance, February 28, 2010                                                                               |      | 32,076,500                                                                                                    |  32,077                                                                           | 149,871                                                                                                 |  (217,970)                                                                                                                 | (36,022)                                                                                                             |
| Net loss for the year                                                                                    |      |                   - |               -  |                  - |          (30,925)                                                                  |            (30,925)                                           |
| Balance, February 28, 2011                                                                               |      | 32,076,500                                                                                                    |     32,077                                                         | 149,871                                                                                                 |   (248,895)                                                                                                           |  (66,947)                                                                                                       |
| Net loss for the period                                                                                  |      |                   - |               -  |                  - |          (36,756)                                                                  |            (36,756)                                           |
| Balance, August 31, 2011                                                                                 |      | 32,076,500                                                                                                    |  $   32,077                                                        |  $   149,871                                                                        |  $    (285,651)                                                                                        |  $      (103,703)                                                                 |

----

|                                                |   | Six Months Ended |   | Six Months Ended                                                                      |    | Cumulative to                                                                         |
|-----------------------------------------------------|--------|------------------|--------|---------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------|
|                                                |   | August 31,       |   | August 31,                                                                            |    | August 31,                                                                            |
|                                                |   | 2011             |   | 2010                                                                                  |    | 2011                                                                                  |
|                                                |   |             |   |                                                                                  |    |                                                                                  |
|                                                |   |             |   |                                                                                  |    |                                                                                  |
| Cash flows used in Operating Activities             |   |             |   |                                                                                  |    |                                                                                  |
| Net loss for the period                             | $      | (36,756)         | $      | (2,571)                                                                               | $       | (285,651)                                                                             |
| Adjustments to net loss for non-cash activities     |   |             |   |                                                                                  |    |                                                                                  |
| Shares issued for property acquisition              |   | -                |   | -                                                                                     |    | 11,250                                                                                |
| Services provided by founders in exchangefor shares |   | -                |   | -                                                                                     |    | 15,520                                                                                |
| Unrealized foreign exchange loss (gain)             |   | 615              |   | (440)                                                                                 |    | 3,111                                                                                 |
| Change in amounts receivable                        |   | (360)            |   | (443)                                                                                 |    | (2,638)                                                                               |
| Change in accounts payable and accrued liabilities  |   | (2,957)          |   | (11,612)                                                                              |    | 36,679                                                                                |
| Net cash used in operating activities               |   | (39,458)         |   | (15,066)                                                                              |    | (221,729)                                                                             |
|                                                |   |             |   |                                                                                  |    |                                                                                  |
| Cash flows from financing activities                |   |             |   |                                                                                  |    |                                                                                  |
| Common stock issued                                 |   | -                |   | -                                                                                     |    | 159,746                                                                               |
| Private placement fees                              |   | -                |   | -                                                                                     |    | (4,568)                                                                               |
| Advances from shareholders                          |   | 37,716           |   | 19,989                                                                                |    | 67,515                                                                                |
| Net cash flows from financing activities            |   | 37,716           |   | 19,989                                                                                |    | 222,693                                                                               |
|                                                |   |             |   |                                                                                  |    |                                                                                  |
| Foreign exchange effect on cash                     |   | 306              |   | (851)                                                                                 |    | (491)                                                                                 |
|                                                |   |             |   |                                                                                  |    |                                                                                  |
| Cash increase (decrease) during the period          |   | (1,436)          |   | 4,072                                                                                 |    | 473                                                                                   |
|                                                |   |             |   |                                                                                  |    |                                                                                  |
| Cash beginning of the period                        |   | 1,909            |   | 307                                                                                   |    | -                                                                                     |
|                                                |   |             |   |                                                                                  |    |                                                                                  |
| Cash end of the period                              | $      | 473              | $      | 4,379                                                                                 | $       | 473                                                                                   |
|                                                |   |             |   |                                                                                  |    |                                                                                  |
| Interest Paid in the period                         | $      | -                | $      |               - | $       |               - |
| Income Taxes Paid in the period                     | $      | -                | $      |               - |  $ |               - |

----

| a) | On June 25, 2007, the Company issued 75,000 shares of common stock at $0.15 per share to Starfire Minerals Inc. (“Starfire”) as part of its contract to Option to Purchase Property in Quebec.  Richard Pierce, President of Santos Resource Corp. is a director on the board of each company. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | A shareholder loaned the Company $68,521 during the period April 2007 to August 31, 2011. The loan is non interest bearing and unsecured and is payable upon request from the shareholder; accordingly fair value cannot be reliably determined. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c) | A shareholder of the Company contributed services to the Company. The amounts are not recorded as it is not material. |
|----|-----------------------------------------------------------------------------------------------------------------------|

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| Santos Resource Corp. |
|-----------------------|

| (an exploration stage company) |
|--------------------------------|

| Notes to the Interim Financial Statements |
|-------------------------------------------|

| For the period ending August 31, 2011 |
|---------------------------------------|

| (Expressed in U.S. dollars) |
|-----------------------------|

| 4. | Mineral Properties |
|----|--------------------|

|                                     |   | USD equivalent |   |   | CDN Dollars |   |
|------------------------------------------|--------|----------------|--------|--------|-------------|--------|
| Cash on deposit                          |   | $              | 430    |   |        | $      | 421 |   |
|                                     |   |           |   |   |        |   |   |   |
| Shareholder loan                         |   | $              | 68,521 |   |        | $      | 67,109 |   |
|                                     |   |           |   |   |        |   |   |   |
| Accounts payable and accrued liabilities |   | $              | 28,793 |   |        | $      | 28,200 |   |

----

----

----

|   | o | Santos' ability to raise additional funding; |
|--------|---|----------------------------------------------|

|   | o | the market price for minerals; and |
|--------|---|------------------------------------|

|   | o | the results of Santos' proposed exploration programs on its exploration mineral properties. |
|--------|---|---------------------------------------------------------------------------------------------|

|   |               |   | Three monthsended Aug. 31,2011 |   | Three monthsended Aug. 31,2010 |   |   | Six monthsended Aug. 31,2011 |   | Six monthsended Aug. 31,2010 |
|--------|--------------------|--------|--------------------------------|--------|--------------------------------|--------|--------|------------------------------|--------|------------------------------|
|   | Revenue            | $      | -                              | $      | -                              |   | $      | -                            | $      | -                            |
|   | Operating Expenses | $      | 1,510                          | $      | (403)                          |   | $      | 36,756                       | $      | 2,571                        |
|   | Net Loss           | $      | ($1,510)                       | $      | (403)                          |   | $      | ($36,756)                    | $      | 2,571                        |

|   |                         |   | Three months ended Aug. 31, 2010 |   | Three months ended Aug. 31, 2009 |   |   | Six months ended Aug. 31, 2011 |   | Six months ended Aug. 31, 2010 |
|--------|------------------------------|--------|----------------------------------|--------|----------------------------------|--------|--------|--------------------------------|--------|--------------------------------|
|   | General and Administrative   | $      | 28                               | $      | 253                              |   | $      | 74                             | $      | 430                            |
|   | Foreign Exchange loss (gain) |   | -                                |   | (440)                            |   |   | 615                            |   | (440)                          |
|   | Mineral Property Costs       |   | -                                |   | -                                |   |   | 29,740                         |   | -                              |
|   | Professional Fees            |   | 1,482                            |   | (216)                            |   |   | 6,327                          |   | 2,581                          |
|   | Total                        | $      | 1,510                            | $      | (403)                            |   | $      | 36,756                         | $      | 2,571                          |

----

----

|        |                                                                                                                                                                                                   |           | Incorporated by reference |
|-------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|---------------------------|
| Exhibit No. | Description of Exhibit                                                                                                                                                                                 | Filed herewith | Form                      | Exhibit | Filing date(mm/dd/yy) |
| 3.1         | Articles of Incorporation                                                                                                                                                                              |           | S-1                       | 3.1 | 07/14/08 |
| 3.2         | Bylaws                                                                                                                                                                                                 |           | S-1                       | 3.2 | 07/14/08 |
| 4.1         | Specimen Stock Certificate                                                                                                                                                                             |           | S-1                       | 4.1 | 07/14/08 |
| 10.1        | Mineral Property Option Agreement dated June 25, 2007 between Starfire Minerals Inc. and Santos Resource Corp., whereby Santos has an option to acquire a 75% interest in and to the Lourdeau Property |           | S-1                       | 10.1 | 07/14/08 |
| 10.2        | Mineral Property Option Amending Agreement dated May 29, 2008 between Starfire Minerals Inc. and Santos Resource Corp.                                                                                 |           | S-1                       | 10.2 | 11/26/08 |
| 10.3        | Mineral Property Option Agreement Amendment No. 2 dated April 23, 2009 between Starfire Minerals Inc. and Santos Resource Corp.                                                                        |           | 10-K                      | 10.3 | 05/27/09 |
| 10.4        | Mineral Property Option Amending Agreement (third amendment) dated April 26, 2010 between Starfire Minerals Inc. and Santos Resource Corp.                                                             |           | 8-K                       | 10.4 | 04/30/10 |
| 10.5        | Mineral Property Option Amending Agreement (fourth amendment) dated August 31, 2010 between Starfire Minerals Inc. and Santos Resource Corp.                                                           |           | 8-K                       | 10.5 | 08/31/10 |
| 10.6        | Mineral Property Option Amending Agreement (fifth amendment) dated December 15, 2010 between Starfire Minerals Inc. and Santos Resource Corp.                                                          |           | 8-K                       | 10.6 | 12/15/10 |
| 31.1        | Certifications of Principal Executive Officer and Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                | X              |                      |   |   |
| 32.1        | Certifications of Principal Executive Officer and Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                | X              |                      |   |   |

----

|                               | SANTOS RESOURCE CORP.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   Date: October 14, 2011 |   By:          /s/ Richard Pierce                                                      Richard PierceDirector, President and Treasurer |